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Idorsia faces financial challenges despite drug approval and cost-cutting efforts
Idorsia AG is grappling with significant financial challenges, highlighted by a 34% drop in share price to EUR 1.508, despite the recent approval of its antihypertensive drug Aprocitentan in the USA. The company is focusing on cost-cutting and launching new products to improve its financial situation, with quarterly figures due in May expected to indicate the effectiveness of this strategy. The short-term outlook for Idorsia shares remains uncertain, hinging on the company's ability to stabilize its financing in the long run.
Börse Express
Euro Idorsia AG CHE
Finance & Economy, Market Report
09:00 22.09.2024
FuelCell Energy faces financial struggles and potential Nasdaq delisting
FuelCell Energy is grappling with significant financial challenges, with its share price at 0.3855 euros, far below the 1 dollar threshold needed for a Nasdaq listing. The company faces a potential delisting if it does not exceed this mark by the end of November. Additionally, a disappointing sales forecast of around 80 million dollars for 2024 has heightened investor concerns about its growth prospects and financial stability.
aktiencheck.de
Euro United States Dollar FuelCell Energy, Inc. USA
Finance & Economy, Market Report
09:00 22.09.2024
switzerland and uk forge landmark financial agreement enhancing cross border access
Switzerland's financial landscape is bolstered by a landmark agreement with the UK, enhancing cross-border access for wholesale financial services. The Mutual Recognition Act, signed on December 21, 2023, allows firms to operate under their home regulations, fostering investor confidence and solidifying Switzerland's status as a global banking leader. As assets under management in the Swiss fund market surpass CHF1.5 trillion, both local and foreign interest in Swiss investment opportunities continues to grow.
finews.com
Euro British Pound Sterling Swiss Franc United States Dollar UBS Group AG Credit Suisse Group CHE
TradFi, Market Report
09:00 20.09.2024
ubs sells 19 branches in switzerland amid credit suisse integration
UBS is selling 19 branches across Switzerland as part of its consolidation efforts following the integration of Credit Suisse. The properties, located in areas such as Locarno, Glarus, Einsiedeln, and Martigny, can be acquired individually or as a package. Ultimately, UBS plans to close 85 duplicate branches, maintaining a network of 190 by 2026.
rts.ch
Credit Suisse Anlagestiftung UBS SA CHE
TradFi, News Article
09:00 20.09.2024
ubs to sell 19 branches in major consolidation effort across switzerland
UBS is selling 19 branches across Switzerland, including the Locarno branch, as part of its consolidation following the integration of Credit Suisse. This significant real estate transaction allows potential buyers to acquire individual properties or the entire portfolio, with a closing deadline expected in spring 2025. UBS plans to close 85 branches to streamline its network, aiming for 190 branches by 2026, similar to its pre-takeover count.
Corriere del Ticino
United States Dollar Credit Suisse Anlagestiftung UBS SA CHE Joe Biden Sabine Keller-Busse
TradFi, News Article
09:00 20.09.2024
ing to restrict lending to climate polluters amid growing protests
Dutch bank ING has announced plans to stop financing oil and gas companies developing new fields, aiming for a complete phase-out by 2040. The bank will drop clients not meeting climate goals by 2026, impacting around 25 clients and €1 billion in lending. ING has already reduced its investments in the sector by 40% and is pushing 2,000 clients to reassess their sustainability efforts.
VICE
Euro ING Groep N.V. Shell Aircraft International NLD Steven van Rijswijk
TradFi, News Article
09:00 20.09.2024
efg international recruits former xp advisors to enhance private banking services
EFG International has welcomed four former XP advisors—Thiago Favery, Raphael Pinheiro, Fernando Olea, and Felipe Sebe—who manage a combined $3.5 billion portfolio, to enhance its private banking services for high-net-worth Brazilian clients. They will officially join the Miami office after their non-compete period ends in December. EFG, a leading Swiss private banking group, manages assets of CHF 160 billion and is recognized for its personalized wealth management solutions.
Americas
Swiss Franc EFG International AG CHE Fernando Olea Thiago Favery Raphael Pinheiro Felipe Sebe Show more
TradFi, Market Report
09:00 20.09.2024
vp bank faces turmoil as leadership changes and layoffs loom
VP Bank is facing significant challenges, with a 55% profit drop leading to CEO Paul Arni's resignation and a restructuring plan that includes cutting 10% of its workforce. Despite these issues, the bank remains committed to its profitable German operations, focusing on private banking and wealth management, while closing its Hong Kong office and consolidating Asian business in Singapore. Competitors like LGT and LLB maintain a stronger presence in Germany, highlighting VP Bank's limited visibility in the market.
Platow
LLB Aktien Fit for Life (CHF) BlackRock, Inc. VP Bank AG LGT Academy Foundation LIE Dirk Klee Stephan Zimmermann Paul Arni Thomas Gitzel Urs Monstein Show more
TradFi, Market Report
09:00 20.09.2024
ubs initiates major sale of 19 commercial properties in project horizon
UBS is launching "Project Horizon," offering 19 commercial properties across Switzerland for sale, primarily from Credit Suisse, with a signing/closing expected by spring 2025. Interested buyers must sign a confidentiality agreement and can bid on individual properties or as a portfolio. The sale reflects the significant downsizing of Credit Suisse following its emergency acquisition by UBS.
insideparadeplatz.ch
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE
TradFi, Market Report
09:00 20.09.2024
Nike appoints Elliott Hill as new CEO amid stock struggles and strategy shift
Nike's leadership is shifting as CEO John Donahoe resigns, to be succeeded by Elliott Hill, a veteran executive with 30 years at the company. This change comes after a significant decline in stock value and aims to restore investor confidence through a return to market-oriented strategies and global expansion. Following the announcement, Nike's stock saw a nearly 10% increase, signaling investor optimism about Hill's potential to blend tradition with innovation to navigate fierce competition.
IG
United States Dollar NIKE, Inc. USA Elliott Hill John Donahoe
TradFi, Market Report
09:00 20.09.2024
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